Ch 1, 2,3, 4 and Indian eco 1,2 and 3

1 Identify the correct combination of the ‘Goals of Indian Five Year Plans’: a) Growth, Equality, 1
Modernisation, Self-Reliance b) Development, Equality, Modernisation, Sustainability c) Good
Health, Education, Modernisation, Sustainability d) Growth, Equity, Modernisation, Self-Reliance
2 from those given below. Assertion (A): In 1991, as an immediate measure to resolve the Balance of 1
Payments crisis, the rupee was devalued against foreign currencies.
Reason (R): Devaluation of currency was eminent, to replenish deteriorated exchange reserves.
Alternatives: a)Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
ofAssertion (A).
b) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of
Assertion (A).
c) Assertion (A) is true, but Reason (R) is false
d) Assertion (A) is false, but Reason (R) is true.
3 Read the following statements carefully: Statement 1 - Net investment is a stock concept. Statement 1
2 - Capital is a flow concept. In the light of the given statements, choose the correct alternative from
the following: a) Statement 1 is true and statement 2 is false b) Statement 1 is false and statement 2
is true c) Both statements 1 and 2 are true d) Both statements 1 and 2 are false
4 First Industrial Policy Resolution of Independent India was announced in the year______ 1
5 “In India, after 1947 land reforms were introduced on a large scale.” In the light of the given 4
statement, discuss any one such land reform
6 “In the post-reform period, the Government of India decided to retain profit-making Public Sector 4
Undertakings (PSUs). It provided a special status to PSUs to enable them to expand in the global
market.” Do you agree with the given statement? Give valid reasons in support of your answer
7 Green revolution transformed India from a subsistent food grain economy to a food surplus 4
economy . justify the statement with reason
8 Briefly outline and discuss such steps taken by the government to promote import substitution 4
policy.
9 “The pre-independent India’s occupational structure experienced growing regional variation.” Justify 4
the above statement with valid reasons
10 Suppose in a hypothetical economy there are only two Firms A and B, Firm A sold goods for ₹ 2,000 3
to Firm B and purchased goods for ₹ 1,000. Firm B exported goods for ₹ 2,500 and had domestic
sales of ₹ 1,500. Calculate Net Domestic Product at market price, if consumption of fixed capital is ₹
200.
11 Discuss briefly, how institutional reforms (land reforms) have played a significant role in transforming 3
Indian agriculture.